1. U.S. revoked TSMC's authorization to ship tools to its Nanjing site. 2. New policy requires export licenses for chip-making tools to China. 3. TSMC remains committed to operations but faces significant disruptions. 4. Similar authorizations revoked for South Korean competitors Samsung and SK Hynix. 5. The Trump administration reverses Biden-era loophole for U.S. chip exports.
Revocation of export authorization could significantly disrupt TSM's operations in China, similar to past instances where trade restrictions negatively impacted tech firms, leading to operational inefficiencies and increased costs.
The revocation is a critical geopolitical event affecting TSMC's supply chain and market position, likely influencing investor perception and stock performance.
Immediate disruption expected as TSMC must adjust operations by Dec 31, 2025, impacting short-term profitability.